panjawattana plastic public company limited

Operating Performance

For the period of 6 months ended 30 June 2021

-1-

✓ Part 1 Nature of Business Operation

✓ Part 2 Competition Strategy

✓ Part 3 Business turnaround

✓ Part 4 Financial Performance

CG Score:

-2- Opportunity DaySeptember 10, 2021

Part 1

Nature of Business Operation

CG Score:


4. Automotive plastic parts and painting parts windshield washer tank, radiator coolant reserve tank, air duct, lid, spoiler, gear cover

3. Consumer goods & Agro chemical packaging bathroom & sanitary ware cleaner, floor cleaner, dishwashing liquid, fabric softener; talcum powder; pesticide, herbicide and others.

1. Lubricant packaging

sized 0.5, 0.8, 1, 3, 4, 5 and 6

Lt, and larger ones sized 18 and 20 Lt

2. Milk and yoghurt milk packaging

sized 80 ml, 100 ml, 190 ml,

200ml, 450 ml, 830 ml, 2 Lt, and 5 Lt

CG Score:


1. Lubricant packaging

2. Milk and yoghurt milk packaging

3. Consumer goods packaging & Agro chemicals packaging

4. Automotive plastic parts

CG Score:


http://www.google.co.th/url?url=http://www.keys-shirt.com/category/14/isuzu&rct=j&frm=1&q=&esrc=s&sa=U&ei=bEX9U8GTEIWWuAT77YKACw&ved=0CBcQ9QEwAQ&usg=AFQjCNF21j9Xqor_pgLfMjfbZQstLjhnxg

http://www.google.co.th/url?url=http://www.monsterracingstickers.com/product/119/%E0%B8%AA%E0%B8%95%E0%B8%B4%E0%B9%8A%E0%B8%81%E0%B9%80%E0%B8%81%E0%B8%AD%E0%B8%A3%E0%B9%8C-veloil&rct=j&frm=1&q=&esrc=s&sa=U&ei=LUb9U-2jOcy2uAT1vIDYCg&ved=0CBcQ9QEwAA&usg=AFQjCNH2d4aEtm1c1rfFBfDN-0uzr1u01A

Part 2

Competition Strategy

CG Score:


“Panjawattana Plastic as one of the largest plastic manufacturing

based in Thailand, we determine to become the most successful plastic manufacturer not only in Thailand but also in the region. With our strong believe in building solid partnership with our customers and suppliers, we will be the most competitive and trustable corporate that produce to serve with the dynamic needs of our customers in the plastic world.”

“We will proactively seek growth and profitable opportunities in market

segments for which we can use our manufacturing capabilities to serve and to win the competition through business model supremacy. Our intent is to be the recognized leader by our customers in providing value through manufacturing capabilities and strive to dominate the markets we operate in or enter. We will do this in multiple market segments where manufacturing proximity can be an additional competitive advantage.”

CG Score:


We are as Supporting Industry with Reliable Partnership with our Customers

Positioning as “Solution Provider” to increase value added to our customers

- Design with concerning of customers’ total packaging cost

- Co-operate and join product develop as 1st Tier supplier in automotive parts customers

- Sustainability for quality system maintenance

- Having high standard “Clean Room” for food plastic packaging

Manage under Company’s culture with TPM (Total Productive Maintenance)

CG Score:


emphasize on the quality of product designs, procurement of raw materials according to each customer’s specifications, production process control, and inspection of the finished products

emphasizes on control and delivery of the products to its customers as scheduled and uninterruptedly as a way to boost customers’ confidence in the Company’soperations

able to produce and supply products that meet its customers’ demand in volume and in time as specified by the customers

is able to increase or expand its production capacity to serve its customers’ business growth and expansion. It can produce in higher volumes on request of the customers

continuously develop its production process and cost management to enhance its competiveness and attract more customers

▪ Ability to adjust or increase production capacity to meet customers’ demand

▪ Long term relationship with customers▪ Confidentiality of customers’ information

Quality of the products

Punctual delivery of products

Production stability

Ability to increase/expand production capacity

Process development with cost management

Maintain relationship with customers

CG Score:


Part 3

Business turnaround

CG Score:


CG Score:

-11-

GP 12.55ROA 0.93

GP 16.29ROA 4.05

GP 19.51ROA 5.68

GP 20.51ROA 5.82

More sales &Cost optimization

Massive cost optimization

Sales after Covid& New S-Curvebusiness

2018

2019

2020

2021F

2022-4F

More sales and continue cost saving

✓ Reduce cost and increase sale of China business

✓ Turn loss and make profit of painting factory

✓ Improve total efficiency by TPM

Better utilization,Better ROA and GP

(+29.8%)

(+335.5%)

(+19.8%)

(+40.2%)

(+5.1%)

(+6.0%)

Opportunity DaySeptember 10, 2021

CG Score:

-12-

Reduce cost and increase profit of China business

Sale opportunity from rebound of China Economy

Better utilization

Cost reduction

TPM improvement


No loss in 2021Profitability in 2022


CG Score:

-13-

Turn loss to make profit of painting factory

Cost reduction and could make profit since Q4 2020 and continue in 2021

Sales revenue growth (in 2021)


No loss in Q4 2020Profitability in 2021


CG Score:

-14-



Part 4

Financial Performance

CG Score:


406.08

104.98

30.23

196.49

CG Score:

-16-

Sales PortionQ2/2021

Milk & Yogurts Packaging 14%

Automotive Parts 27%

Lubricant Packaging 55%

Consumer, Household & Chemical Packaging 4%

Sales Portion6M/2021

Milk & Yogurts Packaging 13%

Automotive Parts 29%

Lubricant Packaging 53%

Consumer, Household & Chemical Packaging

5%

814.97

205.19

70.75

445.73


LubricantAutomotive

partsMilk & Yogurts

Consumer,

Household & Chemical

OverallCG Score:

658.5

815.0

262.2

406.1 409.0

6M/2020 6M/2021 Q2/2020 Q2/2021 Q1/2021

Compare QoQ

M.Baht

54.9%

Compare Prior Q

-0.7%

23.8%


-17-

LubricantAutomotive

PartsMilk & Yogurts

Consumer, Household &

ChemicalOverall

- 12 -

CG Score:

420.6 445.7

155.9 196.5

249.2

6M/2020 6M/2021 Q2/2020 Q2/2021 Q1/2021

M.Baht

26.0% -21.2%

Compare QoQ Compare Prior Q6.0%

Opportunity DaySeptember 10, 2021-18-

210.5 205.2

104.7 105.0 100.2

6M/2020 6M/2021 Q2/2020 Q2/2021 Q1/2021

LubricantAutomotive

PartsMilk & Yogurts

Consumer, Household &

ChemicalOverall

- 12 -

CG Score:

M.Baht

0.2% 4.8%

Compare QoQ Compare Prior Q

-2.5%

Opportunity DaySeptember 10, 2021-19-

80.0 70.8

39.7 30.2

40.5

6M/2020 6M/2021 Q2/2020 Q2/2021 Q1/2021

Lubricant Automotive Milk & YogurtsConsumer,

Household & Chemical

OverallCG Score:

M.Baht

-23.8% -25.4%

Compare QoQ Compare Prior Q

-11.5%

-20-Opportunity Day

September 10, 2021

1,369.8

1,536.7

562.6

738.8 798.9

6M/2020 6M/2021 Q2/2020 Q2/2021 Q1/2021

Lubricant AutomotiveMilk &

YogurtsConsumer & Household

Chemical OverallCG Score:

M.Baht Overall – Excluded Project income & Other income

31.3% -7.5%

Compare QoQ Compare Prior Q12.2%

-21-Opportunity Day

September 10, 2021

381.3 386.4

73.5 77.1

12.1%

13.7%

12.9%

10.3%

0%

2%

4%

6%

8%

10%

12%

14%

16%

-

100.0

200.0

300.0

400.0

500.0

600.0

2019 2020 Q2/2020 Q2/2021

3,155.5

2,819.8

570.6 745.9

0

500

1000

1500

2000

2500

3000

3500

2019 2020 Q2/2020 Q2/2021

Total Revenue and % Growth Rate

Selling and Admin Expense and % to Total Revenue

30.7%

Cost of Good Sold and % Gross profit Net Profit and % NP Margin

M.Baht

M.Baht

M.Baht

22-22-

M.Baht

-22--22-

63.33

115.00

5.13

45.95

2.0%

4.1%

0.9%

6.2%

-20%

-15%

-10%

-5%

0%

5%

10%

0.0

40.0

80.0

120.0

160.0

200.0

2019 2020 Q2/2020 Q2/2021

Net Profit Net Profit Margin

2,472.0 2,233.1

468.6 601.5

16.3%19.5%

16.7%18.5%

0%

5%

10%

15%

20%

25%

0

500

1000

1500

2000

2500

3000

2019 2020 Q2/2020 Q2/2021

COGS Gross Profit Margin


381.3 386.4

191.8 175.5

12.1%

13.7%

13.7%

11.3%

0%

2%

4%

6%

8%

10%

12%

14%

16%

-

100.0

200.0

300.0

400.0

500.0

600.0

2019 2020 6M/2020 6M/2021

3,155.5

2,819.8

1,404.6 1,549.6

0

500

1000

1500

2000

2500

3000

3500

2019 2020 6M/2020 6M/2021

Total Revenue and % Growth Rate

Selling and Admin Expense and % to Total Revenue

10.3%

Cost of Good Sold and % Gross profit Net Profit and % NP Margin

M.Baht

M.Baht

M.Baht

23-23-

M.Baht

-23--23-

63.33

115.00

39.73

89.05

2.0%

4.1%2.8%

5.7%

-20%

-15%

-10%

-5%

0%

5%

10%

0.0

40.0

80.0

120.0

160.0

200.0

2019 2020 6M/2020 6M/2021

Net Profit Net Profit Margin

2,472.0 2,233.1

1,112.9 1,245.5

16.3%19.5%

18.8% 19.0%

0%

5%

10%

15%

20%

25%

0

500

1000

1500

2000

2500

3000

2019 2020 6M/2020 6M/2021

COGS Gross Profit Margin


2,947.0 2,882.2 2,966.8

0

500

1000

1500

2000

2500

3000

3500

2019 2020 6M/2021

2.93%

LT-Loan, 469MB , 39%

LT-Loan-Current,

300MB , 25%

ST-Loan, 430MB , 36%

Loan Portion

Total Assets at 30 June 2021M.Baht

M.BahtTotal Liabilities & Total Equities

at 30 June 2021

As at 30 June 2021 Total loan 1,199 M.Baht

-2.20%

CG Score:

24-24-

1,931.5 1,779.5 1,831.8

1,015.61,102.8 1,135.0

0

500

1000

1500

2000

2019 2020 6M/2021

Total liabilities Total Equities

1.61

D/E

1.901.61

55.4 54.0

29.1 22.8

-

10.0

20.0

30.0

40.0

50.0

60.0

2019 2020 6M/2020 6M/2021

M.BahtFinancial Cost


25-25-Opportunity Day

September 10, 2021

Q&A

CG Score:


panjawattana plastic public company limited

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